Trump’s EU trade deal win: Letters – Latest News
The Issue: President Trump strikes a landmark EU trade deal earlier than his new tariffs take impact.
President Trump and his workforce keep on putting huge offers (“EU got a deal!,” July 28).
How long can the biased media and Democrats not give credit the place credit is due?
Now it’s time for Federal Reserve chief Jerome Powell to cut rates of interest and actually get the economic system shifting.
Bob Robustelli
Stamford, Conn.
This is what occurs if you elect a businessman as president, as an alternative of a politician.
Democrats lambasted Trump on the tariffs, however look how improper they have been.
Robert Berk
Manhattan
Saying the tariff deal with the EU is a lopsided win for the United States doesn’t contemplate the entire image.
Sure, tariffs for EU merchandise are 15% versus zero tariffs on US merchandise to the EU, however this doesn’t take into accounts the European Value Added Tax.
VATs (considerably much like gross sales taxes within the United States) are on average 21.8%, in comparison with the US gross sales tax average of 7.25%. Add the US gross sales tax average to the new 15% EU tariff, and the US complete average “sales tax” is 22%.
One can actually argue this isn’t good for the EU or US customers who foot that tax invoice, however no less than the income percentages for every authorities are related.
Brice Russell
Naples, Fla.
Powell says he’s towards reducing rates of interest as a result of he needs to see how Trump’s tariff insurance policies and trade offers play out. That’s not absolutely the worst place to take.
However, with every trade deal Trump inks, significantly the European Union one touted as “the biggest deal ever made,” the United States turns into even more of an financial powerhouse. How a lot larger might we be doing if the US economic system was turbo charged with an interest-rate cut to three%?
After the Fed stalling for months on a charge cut, Trump’s mammoth EU deal has more than made his case for a secure and vibrant US economic system.
It’s time that Powell abandons his cautious place and permits Trump to take full possession of the US economic system, which he’s to this point doing a spectacular job of managing.
Eugene R. Dunn
Medford
Touché, Miranda Devine (“Don deal proves all wrong — again!,” July 31). I assume the screams from these leftist idiots that the sky is falling shouldn’t have been taken so actually.
Hysteria was spewed by the media and their political minions, however they’ll do no matter it takes to undermine Trump.
Even many on the left, as onerous as it’s for them, can not deny that Trump has a magical energy that has the world coming round to even up the enjoying subject. As Trump mentioned, “Victory is its own reward!”
Shame on the Democrats for making an attempt to undermine what’s best for everybody on this nation.
Kevin Judge
Naples, Fla.
Here’s how I might deal with the tariff dilemma: Make tariff-free zones with some international locations, let’s say all Caribbean Community nations. Impose a primary minimal tariff, let’s say 10%, with the chance to barter at a later date.
Then have conversations with like-minded nations to barter the tariff charges. Finally, call for a world convention, and I’m sure will probably be well-attended with stable options from consultants.
Anant Nagpur
Ottowa, Canada
It didn’t take Trump long to get the wheels in movement, and now our economic system is like a well-oiled machine.
The naysayer Democrats have been hoping that his tariffs would trigger pandemonium and utter gloom, however take a good look — that didn’t occur.
Although costs haven’t fallen (particularly when eating out), what was as soon as unaffordable has all of the sudden change into within your price range just because of shopper confidence.
That’s a good feeling that was absent for the final 4 long years.
Ron Zajicek
Cortlandt
Want to weigh in on at present’s tales? Send your ideas (alongside together with your full identify and metropolis of residence) to letters@nypost.com. Letters are subject to enhancing for readability, size, accuracy, and elegance.
